No TDS u/s 194-I on one-time lump sum payment to Government for getting land lease for 99 years

INCOME TAX : One time lump sum paid by assessee to a Government undertaking for getting lease of land for period of 99 years was not a payment in nature of rent and, therefore, assessee was not required to deduct tax at sources under section 194-I on said paymentINCOME TAX : One time lump sum paid by assessee to a Government undertaking for getting lease of land for period of 99 years was not a payment in nature of rent and, therefore, assessee was not required to deduct tax at sources under section 194-I on said paymentwww.taxmann.com Latest Case LawsRead More

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